Availabilities:

Location Domestic International
China - TUST N/A Session 1
Coffs Harbour Session 2 Session 2
Gold Coast Session 2,  3 Session 2,  3
Lismore Session 2 Session 2
Online Session 2,  3 Session 2,  3
Papua New Guinea - IBSU Port Moresby N/A Session 2
Singapore - MDIS N/A Session 2
Singapore - TMIS N/A Session 2
Sydney N/A Session 2,  3
Sydney - The Hotel School Session 2,  3 Session 2,  3

Unit Summary

Unit type

UG Coursework Unit

Credit points

12

AQF level

7

Level of learning

Introductory

Former School/College

Former School of Business and Tourism

Anti-requisites

ACC00150 Using Financial Information AND ACC10249 Financial Information for Decision Making

Unit aim

Provides students with fundamental accounting knowledge and skills used by business managers for planning and control. Non-financial considerations, both internal to the organisation and pertaining to society at large, are also addressed.

Unit content

The social and organisational context of accounting:

  • the role of accounting
  • business structures
  • core business operations and processing cycles: revenue cycle, expenditure cycle, and payroll cycle

Understanding business reports:

  • the Balance Sheet
  • financial position
  • the Income Statement
  • financial performance
  • the Statement of Cash Flows
  • the lifeblood of business

Using accounting information for planning and control:

  • budgets (including behavioural aspects)
  • cost-volume-profit analysis
  • fixed and variable costs - short-, medium- and long-term costs
  • integrated performance management (including non-financial indicators)

Analysing and interpreting accounting information:

  • analysis and interpretation of financial statements
  • corporate governance and social responsibility

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

GA1: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 explain the context in which organisations conduct their business
2 define, understand and apply basic accounting terms
3 apply basic costing and budgeting techniques to organisational decision making
4 discuss the measurement and reporting of organisational performance
5 read critically, interpret and analyse the information contained in financial statements and other sources to appraise the overall position and performance of organisations
6 discuss the balance between financial objectives and social, environmental and ethical constraints in the evaluation of company performance.

On completion of this unit, students should be able to:

  1. explain the context in which organisations conduct their business
    • GA4:
  2. define, understand and apply basic accounting terms
    • GA1:
    • GA4:
  3. apply basic costing and budgeting techniques to organisational decision making
    • GA1:
    • GA4:
    • GA5:
  4. discuss the measurement and reporting of organisational performance
    • GA1:
    • GA4:
    • GA6:
  5. read critically, interpret and analyse the information contained in financial statements and other sources to appraise the overall position and performance of organisations
    • GA1:
    • GA4:
    • GA5:
    • GA6:
  6. discuss the balance between financial objectives and social, environmental and ethical constraints in the evaluation of company performance.
    • GA1:
    • GA4:
    • GA6:

Prescribed texts

  • Atrill, P, McLaney, E, Harvey, D & Jenner, M, 2012, Accounting: An introduction, 5th edn, Pearson, Sydney. ISBN: 978-1-4425-3480-3.

  • Atrill, P, McLaney, E, Harvey, D & Jenner, M, 2012, Accounting: An introduction, 5th edn, Pearson, Sydney. ISBN: 978-1-4425-3480-3.

  • Atrill, P, McLaney, E, Harvey, D & Jenner, M, 2012, Accounting: An introduction, 5th edn, Pearson, Sydney. ISBN: 978-1-4425-3480-3.
Prescribed texts may change in future teaching periods.